Insurance coverage firms are proposing vital fee hikes in CT. Right here’s what to know
Insurance coverage firms that promote insurance policies on and off Connecticut’s Reasonably priced Care Act trade shocked advocates in July once they requested for a median improve of 20.4% on subsequent yr’s particular person well being plans.
The proposed fee hikes, revealed by the state’s insurance coverage division final month, additionally embrace a really useful improve of 14.8% on small group well being plans.
The requests are considerably larger than what insurers sought final yr for 2022 well being insurance policies. Carriers in 2021 requested for a median hike of 8.6% on particular person plans and 12.9% on small group